SBJ Announces Debut Fund

February 27, 2015

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Spanos Barber Jesse & Co. has announced a closing on its debut fund, SBJ Fund, and the receipt of a license from the U.S. Small Business Administration to operate as an SBIC. SBJ has closed on capital in excess of $150 million, surpassing its original target. The fund invests in lower-middle-market consumer, business services and healthcare services companies with up to $100 million in revenue; the vehicle has the flexibility to invest in PE and mezzanine debt in control and non-control situations.